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March 30, 2020
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SOUTHERN CALIFORNIA NEWS
Archive
1  | 2  | 3  | 4  | 5  | 6  | 7  | 8  | 9  | 10  ...  547
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• Harbor Associates Pays $34 Mil for Carlsbad Office Park
3/10/20
Long Beach-based Harbor Associates has acquired Cornerstone Corporate Center, a 177.9k sf, Class A office park in Carlsbad, for $34.2 mil ($192/sf). The multi-tenant, multi-building asset was sold by Salt Lake City-based Wasa...
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• Multi-Tenant Retail Property in Ventura Sells for $822/sf
3/10/20
A 9k sf, multi-tenant retail pad building anchored by a Starbucks Drive-Thru and Jersey Mike’s Subs adjacent to Ventura College in Ventura sold for $7.4 mil, or $822/sf. The buyer was a private investor from Tarzana. Situate...
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• Moreno Valley Multifamily Property Goes for $138k/Unit
3/10/20
Bevia Apartments, a 48-unit multifamily property in Moreno Valley, was purchased by a local buyer for $6.65 mil, or $138.5k/unit. Located 13260 Heacock St, Bevia Apartments is a two-story, garden-style apartment community ori...
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• Los Angeles Area Apartment Portfolio Trades for Over $12 Mil
3/10/20
A three-property, 32-unit LA-area apartment portfolio traded hands in a $12.18 mil transaction. The assets were sold by locally based Dunleer and were purchased by a SoCal-based investment group. Dunleer acquired the assets ...
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• El Cajon Office Building Sells for $345/sf
3/10/20
Grossmont Summit, a 16.1k sf, medical office building in El Cajon, was acquired by a local medical group for $5.55 mil ($345/sf). The seller was a private investor. Located at 1380 El Cajon Blvd, Grossmont Summit is a two-st...
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• Rockefeller Group Picks Up 7.8 Acres of Development Land in Otay Mesa
3/09/20
Rockefeller Group has purchased a 7.81-acre improved land parcel in Otay Mesa on which the company intends to develop a 138.5k sf distribution center to be called Airway Industrial Park. The site is zoned for industrial use a...
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• Palmdale Warehouse Property Purchased for $15 Mil by Greenlaw Partners
3/09/20
Greenlaw Partners purchased a 130.4k sf industrial warehouse in the northern Los Angeles County submarket of Palmdale for $15 mil ($115/sf). Greenlaw has since secured a major multinational technology company as a tenant to o...
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• Retail Property in West Hollywood Sells for Over $500/sf
3/06/20
The City of West Hollywood recently acquired 22k sf of retail space along Santa Monica Blvd in West Hollywood for $11.4 mil, or around $518/sf. The property is located at 8301 – 8315 Santa Monica Blvd, at the corner with Swe...
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• Rexford Industrial Realty Completes $200 Mil SoCal Portfolio Buy
3/06/20
Rexford Industrial Realty has purchased a ten-building, SoCal industrial property portfolio for $203.2 mil, including assumed debt. The portfolio consists of three single-tenant and seven multi-tenant industrial properties co...
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• Temecula Biz Campus Traded in $11 Mil Deal
3/06/20
A Los Angeles-based private investor acquired Temecula Corporate Park, an 86.9k sf, multi-tenant office and industrial park in Temecula, in a recent $10.9 mil transaction. The property is located at 43379, 43385, 43391 and 43...
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• Ashland Pacific and Integrated Capital Management Team Up in Venture to Acquire West Coast Student Housing Properties
3/05/20
Ashland Pacific and Integrated Capital Management have formed a joint venture that will focus on acquiring and managing $150 mil of student housing properties on the West Coast. Ashland Pacific will be the managing member of ...
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• Santa Monica Investor Buys in Long Beach
3/05/20
A Santa Monica investor paid $4.69 mil for a 14-unit apartment property in Long Beach. The property is located 1429 Florida St, in the city’s Alamitos Beach submarket, near the East Village Arts District and downtown Long Bea...
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• Urban Offerings and Meridian Group to Build 74k sf Creative Office Project at Edge of Culver City
3/05/20
Urban Offerings and Meridian Group are readying to move forward with development of a 74k sf, mixed-use creative office building in West Los Angeles. The venture has obtained $59.3 mil in non-recourse construction financing a...
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• Buchanan Street Partners Buys Newport Beach Office Asset
3/05/20
Buchanan Street Partners purchased a two-building, 42.7k sf office property in Newport Beach for $11.5 mil, or $269/sf. The buildings are located at 1400 and 1420 Bristol Street North, west of Jamboree Rd and adjacent to the ...
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• Retail Property in Vernon Sells for almost $400/sf
3/05/20
A local investor involved in a 1031 exchange paid $4.75 mil for South Soto Center, a 12.4k sf ($383/sf) retail property in Vernon. It was sold by a major Los Angeles based developer. The building is located at 3600 S. Soto ...
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• U.S. Postal Service Leases 52k sf Facility in Warner Center
3/04/20
The U.S. Postal Service (USPS) has signed a long-term lease for a 52k sf building owned by Bolour Associates Inc in the Warner Center area of the San Fernando Valley. The facility sits on three acres at 21200 Oxnard St, north...
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• Ventura County Retail Center Traded in $20 Mil Transaction
3/04/20
Chesser Group Inc paid $20 mil for The Village at Moorpark, a 129.4k sf ($155/sf) community shopping center. The property, located at 706 West Los Angeles Ave in the Ventura County city of Moorpark, was sold by London Reo Ret...
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• Rexford Industrial Realty Enjoys Barefoot Dreams in Thousand Oaks
3/03/20
Barefoot Dreams, a lifestyle brand specializing in home, baby, youth, adult apparel and pet products exclusively licensed with The Walt Disney Co, has signed a lease for 50.7k sf of space at Conejo Spectrum in Thousand Oaks. ...
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• Xenon Investment Corp Spends $23 Mil on Two LA Area Res Properties
3/03/20
Xenon Investment Corp paid $23.3 mil for two multifamily properties in Los Angeles totaling 104 units ($224k/unit). The acquisition included Lindley Manor, with 50 units, and Casa Serrano, a 54-unit asset. The sale represents...
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• Investor Exchanges into $4.35 Mil San Fernando Office Buy
3/03/20
A 9.6k sf office building in the city of San Fernando was acquired for $4.35 mil ($453/sf) by a private investor involved in a 1031 exchange. The property is located at 456 San Fernando Mission Rd, east of I-5 and north of th...
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